GPT Infraprojects jumped as much as 9% intraday on 18 September after the company bagged a Rs 483.72 crore railway bridge order from RVNL.

In an exchange filing, GPT Infraprojects said the order is for building an open web steel girder bridge over the Mahanadi river in Odisha.

The bridge, referred to as Bridge 544 in the filing, will come up as part of a new third and fourth rail line being built between the Nergundi and Barang stations, under the Khurda Road Division of East Coast Railway.

The company has been given 1,095 days, just under three years, to finish the work. The order value of Rs 483.72 crore includes GST. This isn’t GPT’s only win this month.

Its subsidiary, Alcon Builders and Engineers, picked up two railway signalling contracts recently, one worth Rs 114.82 crore from Northeast Frontier Railway on 9 September, and another worth Rs 85.53 crore from Eastern Railway on 12 September.

Counting the RVNL bridge order, the company’s total fresh orders for FY27 now add up to around Rs 818 crore.

With this latest win, GPT’s outstanding order book has grown to about Rs 4,992 crore, up from Rs 4,303 crore at the end of the June quarter.

That gives the company a fairly long runway of work already secured. There’s a corporate structuring update too.

The National Company Law Tribunal’s Kolkata bench has cleared the merger of two GPT subsidiaries, Alcon Builders and Jogbani Highway, into the parent company.

The order came on 15 September and was uploaded on 16 September. Shareholder and creditor meetings on the merger are expected to follow within the next 90 days.

GPT Infraprojects shares closed at Rs 118.96 on the NSE on Friday, up 4.76% for the day.

The stock is now up around 8% since the start of the year, even as the broader Sensex has slipped close to 12% in the same period.

It remains below its 52-week high of Rs 150, hit on 23 June, but well clear of its 52-week low of Rs 96.22 from 30 March.

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